Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,833 per ton in November 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in December 2022 an increase of 13% m-o-m. Over the period under review, average import prices hit record highs at $1,953 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Greece ($2,887 per ton), while the price for China ($1,392 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,737 per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Latvia ($2,186 per ton) and Estonia ($1,716 per ton), while the average price for exports to Sweden ($1,679 per ton) and Russia ($1,700 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid imported into Finland rose remarkably to 23K tons, with an increase of 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid expanded remarkably to $31M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Finland in 2022:

1. Italy (15.3K tons)
2. Portugal (3.9K tons)
3. Spain (2.1K tons)
4. Greece (0.5K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Finland

In 2022, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -45.9% to 154 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, the exports reached the peak of 366 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid declined markedly to $267K in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year. As a result, the exports reached the peak of $473K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Finland in 2022:

1. Estonia (132.8 tons)
2. Russia (13.7 tons)
3. Sweden (4.0 tons)
4. Spain (0.4 tons)

Source: IndexBox Market Intelligence Platform